Lite-On Technology Announces Results of 2012 Annual General Meeting: Distribution of a NT$2.32 Dividend per Common Share

2012/06/19

Lite-On Technology (2301.TW) today held its 2012 annual general meeting, during which the shareholders approved Lite-On’s fiscal year 2011 results and distribution of a NT$2.32 dividend per common share. Of that sum, the cash and stock dividend portions will be NT$2.27 and NT$0.05 per share respectively. The payout ratio and cash dividend yield are 72% and 6%, in line with the company’s historic high and stable payout ratio.

Despite severe economic challenges in 2011, the company continued its remarkable growth in both revenue and profits. Lite-On’s 2011 revenue reached NT$230.52 billion, with reported annual operating profits of NT$ 12.22 billion and net profits of NT$7.23 billion, with EPS of NT$3.22.

By focusing on core business, thanks to the growth of the global high-end server, cloud computing, smart-phone and tablet PC end markets, coupled with ongoing market share gains from global brand customers, the core business, including Power and Optoelectronics Business Groups, showed steady growth, taking over 60% share in the revenue of the parent company. Moreover, the revenue of Optoelectronics posted a yearly growth of 15%, boosted by remarkable market share gains in high-end phone camera modules of smart-phones and notebook PCs. HIS (Human Input Solutions – PC keyboards and peripherals) also presented a consecutive growth over last year.

Meanwhile, the subsidiary company LiteOnMobile (LOM) also showed remarkable results posting its Q4 revenue of €299 million, hitting a quarterly record high since its acquisition in 2007, while annual revenue posted a growth of over 30% Y-o-Y. Looking ahead, LOM will continue to improve its overall operating and profitability based on its mechanical integration competence, improved customer portfolio, shipment expansion and concentration of manufacturing in Asia.

As for Lite-On’s 2012 outlook, all of the core business groups showed steady development in Q1, with both high-end camera module and HIS (Human Input Solutions – PC keyboards and peripherals) posting growths of over 30% Y-o-Y. From Q2 onwards, thanks to smooth delivery, coupled with substantial demand from branded customers, a remarkable revenue growth of LED Lighting components is expected, and overall LED will continue to grow with a full recovery from the impact of the Thai floods. In 2012, substantial growth in the Non-PC sector is expected via Lite-On’s ICT strengths, particularly in communication and cloud computing applications, while effective supply chain management is in place for further expansion.

Contact:
Julia Wang Director,
Investor and Public Relations Tel: +886-2-8798-2888
LiteOnTech.IR@liteon.com